Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.
Out of the 28 financial institutions reporting their emissions data in the third edition of the Poseidon Principles Annual Disclosure Report 2022, seven banks are aligned with the IMO’s ambition of halving shipping’s GHG emissions by 2050. The Poseidon Principles are a global framework for assessing
Northern Ocean has secured a contract for one of its semi-submersible drilling rigs for multi-country operations with TotalEnergies.
Afentra has made progress on completing deals with Sonangol and INA-Industrija Nafte to acquire interests in blocks offshore Angola.
Tullow Oil has added a new license in Côte d’Ivoire to its asset portfolio, following the inking of a PSC for this offshore license.
Israel’s NewMed Energy has inked deals for the natural gas and oil exploration and production activities in a license off Morocco.
Northern Ocean’s Deepsea Bollsta semi-submersible drilling rig has arrived in Namibia where it started its contract with Shell.
UK-headquartered ADC Energy has secured a contract with a “major operator” in West Africa for the provision of operational assurance and rig acceptance, said to be worth $250,000. ADC Energy stated it is set to provide a focused approach to operational assurance, and acceptance services for rig equi
Countries seem to be prepared to phase out shipping’s emissions by 2050, based on the first rounds of technical talks at the UN’s maritime regulator International Maritime Organization (IMO). Furthermore, support appears to be building for the IMO to also adopt an ambitious 2030 interim target for c
Seven memorandum of understandings (MoU) have been signed in Egypt to kick off studies on green hydrogen production projects in Suez Canal Economic Zone (SCZONE). The MOUs were signed on 7 December between the Ministry of Electricity and Renewable Energy, represented by the New and Renewable Energy
The maritime industry must take immediate collective action on an unprecedented scale to bring the decarbonization of the industry closer to the Paris 1.5°C trajectory, according to Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. International and domestic shipping uses approximately 12.6 EJ
Unions representing seafarers and maritime employers have signed a new memorandum of understanding (MOU) to take forward the ‘spirit of cooperation’ that marked the shipping industry’s joint efforts throughout the pandemic. The MOU’s signatories are the International Transport Workers’ Federation (I
